United Arab Emirates: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in the United Arab Emirates

In 2022, after two years of growth, there was significant decline in the market for fresh or chilled salmonoids meat in the United Arab Emirates, when its value decreased by -9.6% to $X. Over the period under review, consumption faced a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Fresh Or Chilled Salmonoids Meat in the United Arab Emirates

In value terms, fresh or chilled salmonoids meat production totaled $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.9% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 47%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Meat

Exports from the United Arab Emirates

In 2022, overseas shipments of fresh or chilled salmonoids meat increased by 0.9% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 2,363% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, fresh or chilled salmonoids meat exports contracted modestly to $X in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of 1,901% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Oman (X tons) and Saudi Arabia (X tons) were the main destinations of fresh or chilled salmonoids meat exports from the United Arab Emirates.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +35.8%).

In value terms, the largest markets for fresh or chilled salmonoids meat exported from the United Arab Emirates were Oman ($X) and Saudi Arabia ($X).

Saudi Arabia, with a CAGR of +47.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average export price for fresh or chilled salmonoids meat amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 108% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Oman stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh Or Chilled Salmonoids Meat

Imports into the United Arab Emirates

After three years of growth, purchases abroad of fresh or chilled salmonoids meat decreased by -26.3% to X kg in 2022. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 164% against the previous year. Imports peaked at X kg in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids meat imports shrank markedly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 112%. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, the United States (X kg) constituted the largest supplier of fresh or chilled salmonoids meat to the United Arab Emirates, with a 50% share of total imports. Moreover, fresh or chilled salmonoids meat imports from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X kg), threefold. The third position in this ranking was held by Belarus (X kg), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-17.9% per year) and Belarus (+20.9% per year).

In value terms, the largest fresh or chilled salmonoids meat suppliers to the United Arab Emirates were the United States ($X), New Zealand ($X) and Belarus ($X), together comprising 88% of total imports.

Belarus, with a CAGR of +29.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for fresh or chilled salmonoids meat amounted to $X per ton, rising by 5% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 322% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+130.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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